Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7928 Preston Rd Plano, TX 75024-2301
    Property profile & analytics

    7928 Preston Rd Plano, TX 75024-2301

    View on Map
    • Commercial land
    • 2.79 lot acres
    Off-Market
    Property ID
    US83-1087760
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 7928 Preston Rd

    Lot size
    2.79 lot acres
    Zone code
    COMM
    Property type
    Commercial land
    APN
    R-11138-000-0TMU-1
    APU
    R111380000TMU1

    Description

    This exceptional 2.7-acre commercial land parcel presents a unique investment opportunity in the thriving city of Plano, Texas. Located at 7928 Preston Road, this property boasts a highly desirable location, situated just east of the Dallas North Tollway and south of the Sam Rayburn Tollway (Highway 121). Its strategic position offers unparalleled access to major transportation arteries, placing it a convenient 23 miles from Dallas/Fort Worth International Airport and 23.3 miles from Downtown Dallas. The site is ideally positioned near significant landmarks, including the Plano Federal Courthouse and Children's Medical Center Plano. Furthermore, the property benefits from proximity to popular retail destinations such as Stonebriar Center in Frisco and Shops of Legacy in Plano, providing easy access to a wide array of shopping, dining, and hospitality options. The zoning designation is 02, allowing for a 75,000 square foot buildable area. This remarkable property offers a unique blend of convenience, visibility, and development potential. Additional features include a prominent Preston Road monument sign, ensuring high visibility, along with the added benefit of natural privacy provided by a creek and mature trees. This is an ideal site for a discerning user seeking a prime location in one of the most dynamic commercial markets in Texas. The asking price for this exceptional property is $1,800,000. Collin County location, zip code 75024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.8
    Latitude
    33.0842
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,992
    $972,259
    $0.00
    $972,259
    -
    $972,259
    $0.00
    $972,259

    Comparable in this City

    • Value Estimation by Request
      3.54 Acres

      Rasor Blvd

      VACANT COMMERCIAL LAND • 3.54 Acres
      Rasor Blvd, Plano, TX 75024
      View Details
    • Value Estimation by Request
      4.62 Acres

      Rasor Blvd

      VACANT COMMERCIAL LAND • 4.62 Acres
      Rasor Blvd, Plano, TX 75024
      View Details
    • Value Estimation by Request
      2.30 Acres

      Rasor Blvd

      VACANT COMMERCIAL LAND • 2.30 Acres
      Rasor Blvd, Plano, TX 75024
      View Details
    • Value Estimation by Request
      0.92 Acres

      Ohio Dr

      VACANT COMMERCIAL LAND • 0.92 Acres
      Ohio Dr, Plano, TX 75024
      View Details
    • Value Estimation by Request
      2.58 Acres

      Headquarters Dr

      VACANT COMMERCIAL LAND • 2.58 Acres
      Headquarters Dr, Plano, TX 75024
      View Details
    • Value Estimation by Request
      2.01 Acres

      Bishop Rd

      VACANT COMMERCIAL LAND • 2.01 Acres
      Bishop Rd, Plano, TX 75024
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land Near High Traffic

      Commercial land with high traffic, near Spring Creek Parkway.
      Headquarters Dr, Plano, TX 75024
      View Details
    • Contact for pricing

      Commercial Land For Sale Plano

      Commercial land available for sale at St Hwy 121.
      Tx-121, Plano, TX 75024
      View Details
    • $3,700,000

      Plano Land For Sale

      Land available in Plano, Texas.
      6800 Rufford Ct, Plano, TX 75024
      View Details
    • $3,700,000
      1.49 Acres

      Plano Land For Sale

      1.49 acre land available in Plano, Texas.
      6800 Rufford Ct, Plano, TX 75024
      View Details
    • $500,000
      0.23 Acres

      Residential Land in Plano Neighborhood

      Land for new homes in desirable Plano neighborhood, Frisco ISD.
      8641 Coit Rd, Plano, TX 75024
      View Details
    • Contact for pricing

      Plano Courthouse Federal Facility

      Trophy-quality, mission-critical federal facility in Plano, Texas for sale.
      7940 Preston Rd, Plano, TX 75024
      View Details

    Similar Nearby for Lease

    • $1,050 /Mo
      17,091 SF

      Plano Office Space Available

      Office space available for lease in Plano, Texas.
      5700 Tennyson Pkwy, Plano, TX 75024
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Located in affluent Plano/Frisco near corporate campuses.
      8240 Preston Rd, Plano, TX 75024
      View Details
    • Contact for pricing
      1,426 SF

      Office Space in Urban Development

      Office space in a vibrant, amenity-rich urban environment.
      5840-5850 Legacy Cir, Plano, TX 75024
      View Details
    • Contact for pricing
      59,110 SF

      Office Space in Plano, Texas

      Office space available for lease in Plano, Texas.
      5000 Headquarters Dr, Plano, TX 75024
      View Details
    • Contact for pricing
      1,167 SF

      Retail Space on Preston Road

      Retail space available in Plano, Texas at a major intersection.
      8600 Preston Rd, Plano, TX 75024
      View Details
    • Contact for pricing
      7,320 SF

      Prime Retail Pad Site Available

      High-profile corner pad site in Plano, available Q2 2024.
      5000 State Highway 121, Plano, TX 75024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7928 Preston Rd
    Plano, TX 75024-2301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7928 Preston Rd, Plano, TX, 75024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!